China Chang ' An Hao married cloud internal power 6 billion the price of the money doubled 5 times times

5 years to invest 6 billion yuan, China Changan married cloud internal Power (000903, the former closing price of 17.6 yuan) is very rich. Today (January 7), after one months of suspension, the cloud in the power of the announcement, the original actual control of the city of Kunming Sasac has its own large shareholders in Yunnan internal combustion engine plant all the shares, free of charge to China Changan Automobile Group Co., Ltd. (hereinafter referred to as China Changan), the latter will invest 6 billion yuan in 5 years　　To enable the cloud power of the diesel engine capacity from the current 600,000 units/year to 1.2 million units/year, is expected to achieve annual sales revenue of more than 12 billion yuan.　　"Daily economic News" notes that the cloud in the 2009-year diesel engine sales revenue of only 2.2 billion yuan, China's big investment in Changan will make the cloud power of the operating income explosion 5 times times. China Changan into Yunnan invested heavily recently, the Kunming Sasac and the Chinese military Pack group on the Yunnan internal combustion engine factory and the military-loaded Group property rights cooperation Agreement, Kunming City Sasac will be held by the Yunnan internal combustion engine plant 100% of the property rights of the free transfer to the group wholly-owned subsidiary of China Changan.　　As the Yunnan internal combustion engine plant holds 38.14% of the shares in the cloud, and is the largest shareholder, so Changan in China will also be in the embrace of cloud power. Data show that China Changan was founded in December 2005, is one of China's four major automobile groups, headquartered in Beijing.　　At present, China Changan formed the whole car, powertrain, spare parts, business services four major sectors, the construction of a vertical integration of the industrial chain.　　December 28, 2010, China's Changan has signed with the Kunming Sasac, "Yunnan internal combustion engine factory state-owned property transfer agreement." Why the Kunming Sasac will transfer assets free of charge to China Changan. A military industry researcher told the Daily Economic news reporter that the main reason should be to attract investment. In the agreement, China Changan promised 6 billion yuan investment is the best proof.　　In addition, China Changan is a wholly owned subsidiary of the Group, and the group is subordinate to the State Council SASAC, the internal transfer of state-owned funds without substantive obstacles. The company denied the same trade competition last December 8, the cloud power suddenly suspended. Due to poor market trend during the period, investors worry about whether there will be a good result after the suspension. And the industry is also puzzled, China Changan married cloud internal power, whether there is the problem of peer competition.　　Data show that China Changan and the main force in the cloud engine, car and other business, this can not help but worry. Today, the announcement of the internal dynamics of the cloud clarified this.　　The company said that from the engine manufacturing business, China Changan under Chang ' an automobile (000625, closing price of 9.71 yuan) the production of the engine are petrol engines, and mainly used for the company's brand of car manufacturing, which is the main product of the cloud Power diesel engine does not form the competition. In addition, from the whole vehicle business, China Changan currently has light commercial vehicle manufacturing business, while the Cloud dynamics of the subsidiary cloud Internal Power Dazhou Automobile Co., Ltd. mainly engaged in lightCommercial Vehicle modification business, only with modified vehicles and low-speed trucks (agricultural vehicles) production qualification, does not have the production of light commercial vehicles manufacturing qualification.　　In addition, the cloud internal Power Dazhou Automobile Co., Ltd. Small Business scale, low production, is currently brewing strategic transformation, the future of the company will gradually withdraw from the automotive business, to the agricultural machinery business.　　Cloud internal dynamics Thus, there is no competition between China Changan and its affiliated party and the cloud internal power.　　Performance will be increased according to the relevant commitments, although China Changan is free from the Kunming Sasac in the hands of the Yunnan internal combustion engine plant and other assets, but it needs to invest 5 years in return for 6 billion yuan. The announcement shows that China's Changan took out 6 billion yuan by two parts, of which 1 billion yuan is to cloud internal power for the target, within 5 years of investment into the diesel engine powertrain state-level enterprise Technology Center, Research and Development of high-performance energy-saving diesel engine, the formation of China Changan Diesel engine development, production, export base　　The other 5 billion yuan will be in accordance with the normal development of the car market, divided into two phases of gradual delivery, to 2015, the Yunnan internal combustion engine diesel engine production capacity from 600,000 to 1.2 million units/year, is expected to achieve annual sales revenue of more than 12 billion yuan. "Daily economic news" found that although the 5 billion yuan investment subject is the Yunnan internal combustion engine plant, but the actual investment project is diesel engine.　　According to the announcement, up to now, the Yunnan internal combustion engine plant diesel engine capacity of all concentrated in the cloud power and its subsidiaries, this shows that China Changan 6 billion yuan investment are pointing to the cloud inside power. According to the 2009 annual report, the revenue of the cloud internal power diesel engine is 2,222,702,000 yuan, accounting for 89.24% of the main business income.　　Gross margin of 13.79%, operating profit of 306.4292 million yuan. According to "Daily Economic news" calculation, regardless of other business increase or decrease, gross margin and current level of the situation, by 2015, the cloud internal power diesel engine business revenue will reach 12 billion yuan, Operating profit will reach 1.65 billion yuan, is 5.4 times times in 2009, if the net profit margin in the cloud, the net profit margin of 2009 years is 6.8%. By 2015, the operating income of the cloud will reach 13.5 billion yuan, the corresponding net profit is expected to be as high as 918 million yuan.　　It is noteworthy that in 2009, the net profit of cloud power was only 170 million yuan. This shows that in China Changan, the internal value of the cloud power will be subversive revaluation.